OF THE PROVINCE OF MANITOBA PASSED IN THE SESSION HELD IN THE FIFTIETH YEAR OF THE REIGN OF HER MAJESTY, QUEEN VICTORIA, BEING THE FIRST SESSION OF THE SIXTH LEGISLATURE OF MANITOBA, BEGUN AND HOLDEN AT WINNIPEG, ON THE FOURTEENTH DAY OF APRIL, HIS HONOR THE HONORABLE JAMES COX AIKINS, LIEUTENANT-GOVERNOR. VOL. I. PUBLIC AND GENERAL ACTS. Winnipeg, Man.: GÉDÉON BOURDEAU, QUEEN'S PRINTER. A.D. 1887. L13928 FEB 16 1938 ERRATA. At Page 282, in lines four and five of Section 1 of Chapter 26, read after the word "months," "immediately" instead of "in use dating." 50 VICTORIA. CAP I. An Act to incorporate "The Manitoba Central ailway Company." [Assented to 19th April, 1887.] W HEREAS the construction of a railway running South- Preamble. erly from the City of Winnipeg to the International Boundary, and from the City of Winnipeg to the town of Portage la Prairie, would be of general benefit to the Province of Manitoba. And whereas a petition has been presented praying for the incorporation of a company for that purpose and it is expedient to grant the prayer of such petition. Therefore Her Majesty by and with the advice and consent of the Legislative Assembly of the Province of Manitoba enacts as follows: 1. Duncan Macarthur, Banker; Thomas C. Scoble, Contrac- Names of tor; William McGregor, Agent; George F. Carruthers, Insur- corporators. ance Agent; Robert J. Whitla, Wholesale Merchant, and Chester Glass, Barrister-at-law, together with all such other persons and corporations as shall become shareholders in the company hereby incorporated shall be and the same are hereby constituted and declared to be a body corporate and politic by and under the name of "The Manitoba Central Railway Company," and the words "The Company" hereinafter used shall mean "The Manitoba Central Railway Company." construct line branch lines. 2. The said company shall have full power and authority to Powers of locate, lay out, construct, build, furnish, operate, alter, and Company to keep in repair a railway with double or single steel of railway and tracks, commencing at a point at the City of Winnipeg thence running southerly to the forty-ninth parallel of North Latitude known as the International Boundary to a point in or near Township one Ranges two and three east of the First Principal Meridian in the Province of Manitoba, with branches extending from a point or points on the said line of railway not more than twelve miles northerly from the said International Proviso. Powers as to construction of telegraph and telephone lines Clauses of Railway Act of Manitoba incorporated herewith. Provisional their powers. Boundary to the said International Boundary at or near the towns of Gretna and Emerson, and also a line of railway extending from a point at the City of Winnipeg and running westerly to a point at the town of Portage la Prairie. Provided that all of the said railway lines and branches shall be built between range four east and range eight west of the First Principal Meridian in the Province of Manitoba, and shall not extend southerly beyond the Province of Manitoba. 3. The Company shall also have power to construct and operate an electric telegraph line or lines, and a telephone line or lines, along the said Railway, and to construct and maintain such bridges as shall be necessary or convenient for the use of the said Railway, not being bridges over any navigable river or water. 4. The several clauses of the Railway Act of Manitoba shall be and the same are hereby incorporated with and shall be deemed to be part of this Act, except in so far as the same are inconsistent with this Act, and the expression "this Act," when used in this Act, shall be understood to apply to and include the clauses of the said Railway Act of Manitoba, except as aforesaid. 5. The said Duncan Macarthur, Thomas C. Scoble, William Directors and McGregor, George F. Carruthers, Robert J. Whitla and Chester Glass shall be and are hereby constituted provisional Directors of the said Company, of whom five shall form a quorum, and shall hold office as such until other Directors shall be elected under this Act, and shall have power forthwith to open stock books and to procure subscriptions of stock for the undertaking and to receive payments on account of stock subscribed, and to make calls upon Calls on stock. subscribers in respect of their stock, and to sue for and recover the same, and to cause plans and surveys to be made, and to acquire any plans and surveys now existing, and to deposit in any chartered bank of Canada all moneys received by them on account of stock subscribed and to withdraw the same for the purposes of the undertaking, and to receive for Grants in aid of the Company any grant, loan, bonus or gift made to it in aid of the undertaking, and to enter into any agreement respecting the condition or disposition of any gift or bonus in aid of the Railway. Plans and surveys. undertaking. Capital stock how divided and to be applied. 6. The capital stock of the Company shall be five hundred thousand dollars, with power to increase the same, to be divided into five thousand shares of $100 each, and shall be raised by the persons above mentioned and such other persons and corporations as may become shareholders in such stock, and the money so raised shall be applied, in the first place, to the payment of all fees, expenses and disbursements for procuring the passing of this Act and for making the surveys, plans and estimates, or purchasing those already made, connected with the works hereby authorized, and all the remainder of such money shall be applied to the making, equipping and maintaining of the said Railway and other purposes of this Act. 7. No subscription for stock in the capital stock of the Company shall be binding on the Company unless ten per cent. of the amount subscribed has been actually paid thereon within one month after subscription. 8. The said Company may receive, either from any Government or from any persons or bodies corporate, or politic, except municipal corporations, bonuses, lands and loans, or gifts, or moneys, or securities for money, howsoever granted, in aid of the construction, equipment and maintenance of the said Railway. Subscription binding on Company till for stock not ten per cent. paid. Bonuses and construction. loans in aid of General meetwhen one-fifth ing to be called stribed. of stock sub 9. When and so soon as one fifth of the said capital stock shall have been subscribed as aforesaid, and ten per centum paid thereon, the Provisional Directors shall call a general meeting of the subscribers to the said capital stock, to be holden at the head office of the Company at the city of Winnipeg, for the purpose of electing Directors of the Company, giving at least two week's notice by advertisement, inserted Notice of. twice in each of two newspapers published daily at the City of Winnipeg, of the time, place and purpose of such meeting, and once in the Manitoba Gazette during the two weeks immediately preceding such meeting. Directors. 10. At such general meeting the subscribers for the capital Election of stock assembled, who shall have so paid up ten per centum thereof, with such proxies as may be present, shall choose seven persons to be the Directors of said Company (of whom five shall be a quorum), and who shall hold office until their successors are elected, and may also pass such rules, regulations and by-laws as may be deemed expedient, provided they be not inconsistent with this Act and The Railway Act of Manitoba. shareholders. 11. In the election of Directors under this Act, and in the Votes of transaction of all business at general shareholders' meetings, each shareholder shall be entitled to one vote, either in person or by proxy, for each share of which he is the registered holder, and upon which all calls have been paid. of Directors. 12. No person shall be qualified to be elected as such Qualification 'Director by the shareholders unless he be a shareholder holding at least twenty shares of stock in the company, and unless he has paid all calls made thereon. 13. Thereafter the general annual meeting of the shareholders of the said company shall be held at such place in the General annual meet holders. |